Raging Bull podcast: Jason Bond on Fannie Mae as both a swing- and long-term trade

RagingBullRagingBull ·

Jason Bond of JasonBondTraining.com believes Fannie Mae is on the upswing, thanks to emerging speculation that the government will stop sweeping profits from the company as part of a deregulatory move by the Trump Administration and in the face of lawsuits on the issue. He has the stock as both a long-term and a swing trade, and while he’s up nicely on both thanks to a strong move by the stock on Thursday, he’s planning to hold longer looking to take down big money on a stock that he believes could pop past $10 per share if the news breaks in its favor.

Read Jason Bond’s Wednesday buy recommendation on Fannie Mae

#-#-#

Jason Bond runs JasonBondTraining.com and is a swing trader of small-cap stocks. When he recorded this interview on Thursday, he had 30,000 shares of Fannie Mae; 10,000 purchased in mid-July at $2.53 per share as a long-term holding, and an additional 20,000 shares purchased for his swing-trading portfolio on Wednesday afternoon at $2.62. He had no options or additional open orders on FNMA. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles
START NOW